Buy Sherwin-WilliamsShort Term Trading Advice by Naranj Capital
Buy Sherwin-Williams
● Buy Range- 366 - 371
● Target- 385 - 390
● StopLoss- 360
● Potential Return- 5-6%
● Duration- 14-15 Trading Days
SHW trade ideas
$SHW - bullishNYSE:SHW -- bullish chart
Mean ^
Var ^
Autocorrelation crossed 0 into positive territory, which means trending
Last indicator shows a measure of information; the higher the information, the higher the uncertainty. You want to be trading when the indicators is decreasing.
SHW Multi-Time-Frame Squeeze SHW has a history of making outsized moves on the back of Daily Squeeze action. In the recent past, it has moved in "harmonic" 50+ point surges. If the next daily squeeze fires long, I look for it to run up to it's prior high at $354. If it behaves like it did last quarter, this could happen on the run up into earnings. Thankfully, we're 1 month out, which gives us the added benefit of rising IV in the options. I'll buy calls or call butterflies and look to exit prior to the earnings event (to avoid IV crush and the event risk)!
Sherwin-Williams ,,, Breakout Uptrend
Breakout, especially after passing out of a major level, can be a good buying position. There is a good one and i suppose its a good opportunity for buying, As always SL is guarantee for our work.
Sherwin Williams LongSherwin Williams has printed a Double Bottom set up on the Daily Chart. Ideal target is to the neckline.
shw stock buy limitwe can but entry level at this point , we must put the stop under the support shown in the graph
Sherwin-Williams ,,, buy opportunity Uptrend
The last wave was a pullback to broken level and again it has started new wave toward up.
The next target is very close but I suppose it will be broken soon and 350 will be mid term goal.
About 260 can be a good place for setting SL on it.
Sherwin Williams -- SHORTBearish penant into several resistance levels, including channel. Doesn't get much easier than this folks.
Mean Reversion Strategy with High Win Rate on SHWFollowing on my thread, this time around I am applying my mean reversion strategy on SHW. This is a symbol with more than 20 years of price data. This proves that the strategy is inherently profitable across diverse assets and not subjected to overfitting risk. This study shows a strong positive expectancy as the win rate is above 90% while the average profit on a profitable trade is slightly larger than the average loss on a loss trade.
SHW Long OpportunitySHW has just over 13 days lost 20%. With earnings season coming up and SHW's full-year Zacks Consensus Estimates are calling for earnings of $9.48 per share and revenue of $21.88 billion. These results would represent year-over-year changes of +16.32% and +9.68%, respectively. Quite a high bar. According to our modelling the stock will be taking a breather going into earnings with some upside potential.
$SHW BEAR FLAG BROKE DOWNBearish
- "Momentum theory" indicator turning red
- Rejected major support / resistance
- Bear flag formation
- Price broke down upward trend line
- Head and shoulder pattern
$SHW with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SHW after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 25%.
$SHWFalling wedge in between a horizontal support area.
Daily classic bullish divergence on the MACD and RSI.
Stop = Below horizontal supports.
Target = Horizontal resistance.
Calls, Time for right shoulder.The stock has fully retraced its up move. it's time for the right shoulder. Call play.
Retracement trade ideaSHW went under 0.382 level, if we retrace above it then go long, if we reject that then the target is 0.618 level.
SHW is on a knife's edge.SHW is showing every sign of impending reversal it can while still maintaining its upward price channel. Even with yesterday's (1/3/22) sharp price decline, today it found support at the bottom of the channel.
The expected move the options are pricing in for the Jan 21, 2022 expiration date is about ∓ 3% shown as a yellow triangle here. Statistically; however, the expected move only has a 68.2% chance of being correct.
There are only 3 paths I see SHW taking in the next month:
1. Throughout the year SHW has tended to grow by about 30% and cool off by 10% and repeat, if that happened here then we should see the price follow the green arrow and usually take a meandering path to do so.
2. If the max pain price is correct then by Jan 21st, we should have a full correction, which some think SHW is overdue for, down to $290, following the white arrow.
3. And if the bounce off of support holds throughout this week, then we should expect the top of the channel to be tested again along with a new ATH following the purple arrow.
At the moment, I don't have any money in SHW because it's on a knife's edge. If we follow purple and top the channel I'll be buying Feb puts and if we have a close this week below the channel support (which also needs to break the RSI wedge), then I'll also buy Feb puts.
nice break past resistance! needsto hold nowshw breaking extreme trendline resistance on the monthly timeframe, we ran about 100 usd per share this year.
If it holds above resistance and continues the rally, we can see it hit 400-450 in 2022.
like and follow for more! 💘
$SHW Sherwin-Williams Co @NYSESherwin-Williams Co is on the move! Where is this going? Follow me for trading ideas
330
Could have a retracement to 298-308, but for now demand is remaining in power. I am aiming at 330 as next target. A break upside 324 would be a good sign that we are moving toward the area
Daily
Weekly
Sherwin-Williams Company (SHW) for SHORT Signals
Position: short Entry price: 286
Target: 272 SL: 275
Indicators
RSI is reversing from a position of overbought: good time for a short
DMI - is reversing indicating a bearish trend
Both Keltner channel and Bollinger bands indicate a strong trend
Pattern
The price is bouncing between the support and the resistance lines and the bearish trend has been confirmed
Conclusions
SWH develops, manufactures, distributes and sells paint, coatings and related products to professional, industrial, commercial and retail customers. Mostly based in the US.
The number of of new residential sales has been decreasing since May 2020 in the US. The fundamentals of the company, the Q2 earnings released today and the candles themselves cannot carry to break the resistance.
